Chart Indust (NASDAQ: GTLS) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report released on Tuesday. The firm currently has a $82.70 target price on the stock.

Shares of Chart Indust traded up 0.82% during mid-day trading on Tuesday, hitting $82.34. Chart Indust has a 52 week low of $55.89 and a 52 week high of $82.35. The stock’s 50-day moving average is currently $69.64. The company has a market cap of $2.476 billion and a P/E ratio of 34.61.

Chart Indust last posted its quarterly earnings results on Thursday, February 28th. The company reported $0.80 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.76 by $0.04. The company had revenue of $303.90 million for the quarter, compared to the consensus estimate of $277.59 million. During the same quarter in the prior year, the company posted $0.51 earnings per share. The company’s quarterly revenue was up 38.4% on a year-over-year basis. Chart Indust has set its FY13 guidance at $3.00-3.40 EPS. Analysts expect that Chart Indust will post $3.37 EPS for the current fiscal year.

A number of other firms have also recently commented on GTLS. Analysts at Johnson Rice downgraded shares of Chart Indust to an “equal weight” rating in a research note to investors on Friday. They now have a $80.00 price target on the stock. Separately, analysts at Northland Securities initiated coverage on shares of Chart Indust in a research note to investors on Friday, March 1st. They set an “outperform” rating and a $80.00 price target on the stock. Finally, analysts at Northland Capital initiated coverage on shares of Chart Indust in a research note to investors on Friday, March 1st. They set an “outperform” rating and a $80.00 price target on the stock.

Seven research analysts have rated the stock with a buy rating, three have assigned an overweight rating, and five have assigned a hold rating to the company. Chart Indust has a consensus rating of “overweight” and an average price target of $82.77.

Chart Industries, Inc. (Chart) is a manufacturer of engineered equipment used in the production, storage and end-use of hydrocarbon and industrial gases.

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